The US Dollar Index (DXY), which tracks the performance of the US Dollar (USD) against six major currencies, recovers initial losses and trades near 103.00 at the time of writing on Monday after an earliest move lower. Markets were selling the US Dollar again as Equities, Yields and precious metals dropped lower.
The concern comes after US President Donald Trump said over the weekend that he will be sticking to his tariffs plan, while financial backer and billionaire Bill Ackman warned the President that he is losing business leaders' confidence.
On the economic front, all eyes will be on the US Consumer Price Index (CPI) data this week. The March inflation gauge will be the first release where some impact from the Trump administration might already be expected.
In several weekly summaries issued on social media, the White House proclaims that Trump has successfully lowered prices on all food items, such as eggs or petrol at the pump. This can be seen and proven by the upcoming CPI release on Thursday.
Source: FXStreet
